California bills propose Enterprise Zone changes

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Two bills passed by the legislature would clarify certain issues that were left open by California's recent changes to its EZ program. If enacted into law, the bills will (1) authorize vouchering through 1/1/15; (2) clarify that all qualified hiring ends on 12/31/13; (3) clarify that the ten-year credit carryover period for existing credits generally begins on 1/1/14; and (4) allow property purchased by 12/31/13 and placed in service as late as 12/31/14 to qualify for the sales tax credit.